Minnesota’s largest health insurer is scaling back the plans it will offer to consumers who don’t get coverage from their employers.
The Star Tribune reports that Blue Cross Blue Shield of Minnesota will only sell individual health plans that have a narrow network that limita coverage to specific doctors, hospitals and drug benefits.
The decision announced late Thursday comes after the insurer experienced significant losses in the individual insurance market. It will affect about 103,000 Minnesotans who will need to find new plans at the end of the year.
Gov. Mark Dayton says his administration will work with people affected by the decision to ensure they can transition to new coverage when their current plans expire.
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Blue Cross says it will continue to sell plans on the MNsure exchange.
Date: June 24, 2016